Taiwanese-based HTC has continued its losing streak, posting a whopping 46% drop in May revenues to NT$2.45 billion (~€70m) versus the same period last year (NT$4.53 billion/~€130m).

For the period January to May 2018, total revenue notched NT$13.33 billion (~€380m), considerably less than the NT$23.77 billion (€678m) achieved for the same period in 2017.

Proving a glimmer of hope, HTC’s May revenues were a 16% increase from the previous month.

The improvement coincides with the release of its new Vive Pro.

HTC is also banking on the success of its new U12+ smartphone (which will release later this month) for future financial success.

It follows the transfer of over half its R&D smartphone team to Google, in a US$1.1 billion deal inked last year.